PZPM - ACEA - New registrations of PC by fuel - October 2023
New car registrations: +14.6 % in October ; battery electric 14. 2 % market share
In October 2023
, the EU car market expanded significantly, with new registrations surging by 14.6% to 855,484 units. This marked the fifteenth consecutive month of growth, with notable double-digit percentage increases in three of the largest markets: France (+21.9%), Italy (+20%), and Spain (+18.1%). However, the German car market reported a more modest year-on-year increase of 4.9%.
Ten months into 2023,
new car registrations were up by 16.7%, totalling almost nine million units. All markets grew during this ten-month period except for Hungary. Notably, the four largest markets: Italy (+20.4%), Spain (+18.5%), France (+16.5%), and Germany (+13.5%) contributed to this positive trend.
